Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.001%

Price spread now: Aster against Lighter+0.023%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$100.102% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.023%, 7d avg 0.000%

Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.023% dearer against Lighter than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of 0.000%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.016% in total) that is about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	116.30	0.0096	pay 0.0012% / 1h	53m 57s	$13.1M	$55.7M	25x
Short	Aster SOLUSDT	116.32	0.0053	get 0.0053% / 8h	7h 53m	$176.8M	$169.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$9.08
Price spread: +0.023% → 0.000%: $2.31
Slippage, 4 orders: −$2.16
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.94
Costs to cover: 0.102%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 5 min ago	0.04 bp	0.8 bp −$1	2.7 bp −$27	6.8 bp −$678	17.1 bp −$8,531
Sell Aster live order book, 5 min ago	0.43 bp	4.4 bp −$4	4.4 bp −$44	7.2 bp −$721	37.8 bp −$18.9K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOLUSDT	−0.0206%	8h	116.32	+0.021%	$45.2M	$103.8M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.37	+0.064%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.32	+0.018%	$32.2M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0016%	1h	116.31	+0.012%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	+0.010%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.38	+0.071%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.36	+0.052%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.38	+0.071%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	+0.073%	$1.9M	$3.0M	13x	as long as short
Bybit SOLUSDT	+0.0012%	8h	116.31	+0.012%	$731.5M	$1.41B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0025%	8h	116.34	+0.035%	$480.0M	$455.1M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.32	+0.017%	$7.8M	$396.1M	50x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	116.22	−0.065%	$103K	$679K	20x	as long as short
Aster SOLUSDTshort	+0.0053%	8h	116.32	+0.023%	$176.8M	$169.2M	100x
Lighter RH SOL	+0.0064%	1h	116.28	−0.015%	$2.1M	$14.6M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0067%	1h	116.35	+0.049%	$26.2M	$21.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.30	+0.007%	$1.0M	$6.0M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	116.30	long leg	$13.1M	$55.7M	25x
Aevo SOL-PERP	+0.0096%	1h	116.28	−0.016%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.32	+0.023%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.32	+0.021%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.33	+0.030%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.41	+0.098%	$695.3M	$406.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.37	+0.067%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.32	+0.021%	$962.3M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.33	+0.029%	$366.3M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.194%	$219K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.33	+0.033%	$919K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	+0.027%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.30	+0.003%	$847.6M	$605.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.29	−0.005%	$369.3M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.29	−0.002%	$129.6M	$237.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.29	−0.006%	—	$374.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.28	−0.014%	$22.8M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	−0.035%	$24.8M	$105.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.34	+0.037%	$93.4M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.27	−0.024%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.27	−0.020%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.35	+0.046%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.38	+0.072%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.35	+0.050%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.31	+0.008%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.32	+0.021%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.29	−0.005%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.30	+0.003%	$225.2M	$50.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.29	−0.009%	$8.2M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.27	−0.020%	—	$231.7M	500x	as long as short
01 Exchange SOLUSD	+0.0128%	1h	116.41	+0.098%	$100K	$181K	20x	as long as short
Phoenix SOL	+0.0130%	1h	116.35	+0.046%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.038%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.31	+0.016%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.16	−0.117%	$52.4M	$64.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.33	+0.027%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0420%	1h	116.34	+0.034%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.40	+0.091%	$2.1M	$4.7M	20x	as long as short